In the last 27 days, ether liquid staking derivatives have experienced an influx of 150,000 ETH, valued at $390 million, flowing into various protocols. Notably, since July 14, 100,000 ETH made its way to Lido, the world’s leading liquid staking platform by market share.
150,000 Ether Floods Liquid Staking Platforms in 27 Days
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Ethereum Liquid Staking Spikes to 13.59 Million Ether, Lido Nears 10 Million Milestone
From May 28 to July 14, around 290,000 ETH was funneled into decentralized liquid staking derivatives protocols. Following that, in just the past 27 days, another 150,000 ETH found its way to these platforms. Initially, 13.44 million ETH was locked, and today, that figure has risen to 13.59 million ETH, worth $35.46 billion in U.S. dollars.
Out of the recent 150,000 ETH inflow, Lido captured 66.66% of the new additions. Currently, Lido holds 9.81 million ETH, commanding a dominant 72.23% of the market. Meanwhile, Rocket Pool added 10,000 ETH to its holdings, securing 8.68% of the market share. Trailing behind, Binance’s Staked ETH platform now manages 912,902 ETH, and Mantle’s holdings have reached approximately 488,734 ETH.
Binance’s platform accounts for 6.72% of the market, while Mantle holds 3.6% of the 13.59 million ETH total. Coinbase’s liquid staking platform ranks fifth, with 195,531 ETH, or 1.44%. Combined, liquid staking and validator staking metrics reveal that over 28% of ETH’s circulating supply is being staked, with roughly 11.3% of that solely in ether liquid staking derivatives protocols.
What do you think about the 150,000 ether that has flooded into liquid staking applications over the past 27 days? Share your thoughts and opinions about this subject in the comments section below.
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